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Snap Up Synaptics

Shares of the touchscreen-tech firm may have about 60% upside.

We are upgrading Synaptics to Strong Buy from Buy and increase our price target to $100 (or about 60% upside at current levels) from $70.

Synaptics (ticker: SYNA) posted a significant beat-and-raise quarter owing to substantial momentum in fingerprint and ongoing strength in its core touch biz. Over the next 12-24 months, we forecast the fingerprint...